Alipay WeChat Crackdown, is a Bitcoin Revival Coming to China?

wechatpay bitcoin

The outgoing president Donald Trump has banned WeChat Pay and Alipay transactions with the order to come into force later next month. “By accessing personal electronic devices such as smartphones, tablets, and computers, Chinese connected software applications can access and capture vast swaths of information from users, including sensitive personally identifiable information and private information. This data collection threatens to provide the Government of the People’s Republic of China (PRC) and the Chinese Communist Party (CCP) with access to Americans’ personal and proprietary information — which would permit China to track the locations of Federal employees and contractors, and build dossiers of personal information,” the order said. China has banned Facebook, Google, Twitter and other tech giants, with it to be seen whether the incoming president, Joe Biden, will leave the order in place. That’s especially amidst an ongoing probe on Alibaba as the world witnesses what appears to be…

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